Earning royalties from one's intellectually created contents (intellectual property) is the dream of all intellectual property owners but to acheive this, certain factors are critical that they are put in place. The term intellectual property (IP) refered to genre of properties which includes intangibles contents that are gotten or created straight out of human intellect. The most prominent forms of intellectual property includes: copyrights, patent, trademarks etc. The main essence of putting in laws in regards to intellectual contents is to encourage more creation as well as variety of different intellectual contents. The laws makes it possible for intellectual content owners to earn royalties for their content within a specific time frame thus creating economic incentives for their creation making them to make profits from the information and intellectual properties they create. But despite all the already stated down laws and reforms to protect intellectual contents, issues like piracy, theft, increased or additional cost as well as paper works needed to protect one's work is still a huge problem looming or better still lingering in the merchandise market. But with blockchain technology system, a platform known as " COLLETRIX" promises to offer a more productive and effective way of protecting intellectual contents.
COLLETRIX PLATFORM
The colletrix project is a platform whose vision is to create a world for intellectual property owners where the new economy as well as the old economy will be fully merged to launch a new productive and economic model. With colletrix, intellectual property owners will be able to retain their royalties which they rightfully deserve through incorporation of blockchain technology system.
The colletrix project aims to create the first known non-fungible token termed the NFT whose major purpose will be to be ascribed with intellectual property. The platform will merge blockchain and intellectual contents to revolutionise the current market through tokenisation.
SOME OF THE CURRENT LINGERING ISSUES WHICH THE COLLETRIX PLATFORM AIMS TO RESOLVE AS WELL AS POSSIBLE WAY OUT.
In bringing about the aforementioned revolution there are certain issues which the colletrix platforms is suppose to resolve so as to enable the creation of a much more better system and this issues includes:
I. HOW POPULAR IS BLOCKCHAIN TECHNOLOGY SYSTEM GLOBALLY.
As earlier said the way out of the above mentioned issues is through incorporation of blockchain technology system but the lingering question however still remains how popular is the blockchain technology system amongst the general public?. Despite the fact that blockchain technology system is highly transparent as well as effective, individuals are still sceptical while indulging in crypto related activities.
However, the NFT is a perfect tool to help cut out more market values for the already existing market and also Incorporating blockchain technology system into the platform will help pave way for global acceptance of the technology.
II. COUNTERFEITING OF MERCHANDISE
Fake products or better still counterfeit products do not only derail customers faith and interest in the original brand and product, but it also damage the sales of the genuine product. The issue with the current merchandise market is that it has basically created an avenue whereby the counterfeit products thrive more than the genuine original products.
But with the colletrix platform apart from tokenisation, the platform will also make it possible
that the authenticity of any merchandise is verified and certified and that also all the required relevant information including proof of ownership of the content will also be proven and authenticated thus making the counterfeit products useless are they are suppose to be.
PLATFORM'S TOKEN INFORMATION
The colletrix platform will basically utilise an ERC-20 compatible token as the major utility token of the platform and this said token will go by the name " CIPX" but also another known token will also be associated with the platform which is an ERC-721 compatible token which will only be used as a form of incentive for intellectual content of creators as well as merchandisers.
PLATFORM TOKEN:
The CIPX will serve as the utility token that will be used by the colletrix platform and will serve as a primary token to be used in the purchase of the NFTs. While the NFTs which is an ERC-721 protocol compatible token will serve as incentives for the intellectual contents of individuals.
FOR MORE INFORMATION ABOUT THE COLLETRIX PLATFORM
Follow on Twitter: https://twitter.com/colletrix
Website: https://www.colletrix.com/
LinkedIn: https://www.linkedin.com/company/colletrix
Join the Telegram Group: https://t.me/colletrix
Facebook: https://www.facebook.com/colletrix.io/
Whitepaper: https://www.colletrix.com/wp/en/ColletrixWhitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5138397.0
Writer's Bitcointalk Username: aakay
Writer's Bitcointalk Url Link: https://bitcointalk.org/index.php?action=profile;u=2351546